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Credit Assignment - Revenue and Taxation Code Section 23663

Introduction

Revenue and Taxation Code Section 23663 allows the assignment of credits among members of the same combined report, as added by Section 10 of AB 1452 (Stats. 2008, ch. 763).

Effective date

R&TC Section 23663 is specifically operative for assignments made in taxable years beginning on or after July 1, 2008 and for applications of assigned credits against the "tax" of the assignee in taxable years beginning on or after January 1, 2010.

Contact person

Leslie Tanaka at leslie.tanaka@ftb.ca.gov

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